Despite the downtrend in the financial markets, Investors’ interest in the Crypto market is increasing rapidly. The reason must be its low market value nowadays. While seasoned investors have already invested in them, some are still searching for the best Cryptocurrencies to Invest in.
So, if you find it difficult to invest in Cryptocurrencies, worry not. Finding the best cryptocurrency investment can be confusing, but it can be convenient if you are well-informed.
In this guide, we will discuss the 5 Best Cryptocurrencies to invest in for 2022. But before moving further, let’s briefly introduce these digital assets.
What Are Cryptocurrencies?
Cryptocurrencies are digital assets that operates on a distributed public ledger called a blockchain. Moreover, these digital currencies are decentralized, meaning no central authority or government controls them.
Cryptos are secured by cryptography, a method that safe data from unauthorized access by employing encryption techniques.
There are two major ways to have cryptocurrencies: Mining and Investing. In the mining process, miners solve specific mathematical problems on computer systems to get rewarded with cryptos in exchange.
On the other hand, crypto investing refers to buying these digital currencies from centralized exchanges, brokerage platforms, and individual currency owners.
So now that you have understood – What Are Cryptocurrencies? Let’s move back to our main topic and discuss the best cryptocurrencies to invest in.
What Are The Best Cryptocurrencies to Invest In?
After analyzing the data and the current price predictions, we have listed a few best Cryptocurrencies to invest in or buy this year. Also, this article will not feature big market players like Bitcoin and Ethereum.
The number one on our list of the best cryptocurrencies to invest in is ApeCoin. The team behind Bored Ape Yacht Club launched this gaming coin in 2022.
The coin is a native currency of the Ape ecosystem, a platform offering 10,000 non-fungible tokens (NFTs). ApeCoin is an ERC-20 crypto coin with utility and governance features.
This coin’s price was approximately $6.40 when it was first launched in early 2022. However, the prices reached approximately $42 per token within hours. At the time of writing, ApeCoin’s price was $4.35 with a 24-hour trading volume of $172,443,349.
|Why Should You Invest In ApeCoin?||Why Not?|
|Impressive Trading Volume||Relies on Bitcoin Price Patterns|
|Benefits from Ethereum Upgrades||Not an Independent Blockchain|
Binance Coin (BNB)
Another cryptocurrency to add to your watchlist is Binance Coin (BNB). It is a native cryptocoin of Binance, the world’s largest cryptocurrency exchange in terms of trading volumes and user base.
The BNB coin holders can get benefit from paying fewer commissions. Moreover, it can be used for payment processing, investing and travel bookings.
The coin can also be exchanged for other crypto assets, such as Bitcoin, Ethereum or any crypto coin. Also, the BNB coin supports the Binance Smart Chain, which offers a range of undervalued crypto tokens.
The main reason for incorporating this coin into our list of the best cryptocurrencies to invest in is its current low value, which dropped below the $410 mark many times. At the time of writing, the coin’s price was $225.96.
|Why Should You Invest In BNB?||Why Not?|
|Best Utility Token||Heavily Centralized|
|Acts as a discount coupon on the Binance platform||Major Target for Cyber Attacks|
|Uses Unique Burndown Policy|
The next top cryptocurrency to invest in is UniSwap (UNI). The UNI coin is the native currency of the UniSwap platform. This decentralized exchange (DEX) allows users to buy and sell digital currencies without needing a centralized third party.
The coin surpassed the market capitalization of $5.70 billion in early 2022. Uniswap has since expanded to its full potential by creating an online market with the NFTs and metaverse.
Not only will this enhance the crypto trading experience, but by offering its market via the Uniswap platform, buyers and sellers can transact in a decentralized manner.
According to the price predictions, the coin will likely reach $18 per token by the end of 2022. The current Uniswap price is $5.56 at the time of writing.
|Why Should You Invest In UniSwap?||Why Not?|
|Large Cap Asset||Low Network Speed|
|Available on Most Crypto Exchanges|
|Thrives on a Secure Decentralized Exchange|
Dogecoin is the best-undervalued yet one of the best cryptocurrencies to invest in. Moreover, it was among the most popular cryptocurrencies to buy last year.
It all started after Elon Musk’s tweet about it helped the meme coin achieve huge success. But is Dogecoin a good investment right now? First, let’s discuss – At the start of 2021, Dogecoin was trading for just $0.002.
And In May 2021, Dogecoin hit new highs and climbed to nearly $0.76 per coin, achieving gains of over 19,000% in five months.
However, the price of Dogecoin has since been on a downturn, with its price hitting a 52-week low of just $0.13. Nevertheless, on the positive side, it is a good sign to buy this digital coin.
According to the Dogecoin price predictions, the coin may move above $1 by December 2022. And with that said, if you believe in price predictions, investing in this digital coin now at a considerable discount could result in a higher return.
|Why Should You Invest In Dogecoin?||Why Not?|
|High Trade Volume||Associated with Pump and Dump Scheme|
|Available on Most Crypto Exchanges|
The final one in the list of the 5 best cryptocurrencies to invest in is AVAX. It is a native cryptocoin of Avalanche, an open-source intelligent contracts platform for decentralized applications (dApps).
The platform offers a layer one blockchain for decentralized applications (DApps) and custom blockchain networks. In addition, it provides significantly improved scalability, especially compared to Bitcoin and Ethereum.
Investing in Avalanche can be highly profitable right now. Many investors have made huge profits by investing in this coin. From July 2020 to May 2022, the price of the coin has increased more than 2,200%, from $4.13 to $98.58.
The current price of AVAX is $17.54, with a 24-hour trading volume of $322,751,746.
|Why Should You Invest In AVAX?||Why Not?|
|Unique and Innovative Technology||Expensive for Small Investors|
|Interoperable With Other Blockchains|
Litecoin is among the oldest cryptocurrencies in the world and is often referred to as digital silver. The coin trade under the ticker symbol LTC. It is one of the best cryptocurrencies to invest in right now.
It has been among the top altcoins since its inception in 2011. However, the coin has lost 80% of its high value in the last few months. It has more than 150,000 active addresses and processes approx 50,000 transactions every 24 hours.
At the time of writing, the coin price was $48.38, with a 24-hour trading volume of $380,689,376.
|Why Should You Invest In Litecoin?||Why Not?|
|Unique and Innovative Technology|
|Interoperable With Other Blockchains|
How To Invest In Cryptocurrencies?
Several Crypto exchanges allow users to invest in Cryptocurrencies hassle-free. In addition, these exchanges offer a user-friendly interface that is easy to navigate.
Follow these simple steps to Invest in Cryptocurrencies:
- The first step is to find a good Crypto exchange. Register for the platform by providing details such as name, email and password.
- The second step is to verify your account. You can verify your account by uploading a government-issued identity card.
- Now, deposit funds into your account. Meanwhile, some exchanges allow users to buy Cryptocurrencies directly via Debit/Credit Card.
- After completing the account opening process, search for the ticker symbol. For instance, you can type BTC for Bitcoin and make a purchase.
In this Crypto investing guide, we discussed the best Cryptocurrencies to invest in and explained the basics of each cryptocoin on the list regarding their future potential and risks.
Now that you know the best Cryptocurrencies, if you’re wondering about buying any one of them, you can do so through a reliable Crypto exchange. One such good exchange is XBO, an upcoming crypto exchange expected to enter the space in the coming days.
While in the pre-launch stage, XBO is offering early access benefits to users who will sign up for the program during pre-registration. In addition, the loyalty program’s top winners will be instantly awarded the Gold tier.
Now, if you’re planning to invest in cryptocurrencies, we suggest you wait until the XBO launches so that you can get extra benefits on your crypto investments.
What Are The Best Cryptocurrencies to Invest In Right Now?
Looking at the current market value, Dogecoin and ApeCoin are the best cryptocurrencies to invest in right now.
What Should You Look For When Deciding The Best Crypto To Buy?
There are several factors to keep in mind while deciding the best Crypto, including adoption rate, liquidity and market cap.
Where To Buy The Best Cryptocurrencies?
The most convenient way to buy Cryptocurrencies is through a reliable crypto exchange.